This property looks like a bad Long-Term investment with a projected -26.38% first-year return on $393k initial cash invested.
-26.38%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$5,725
Rent
-$8,643
Cashflow
Cash Flow
$5,725 income − $14,368 expenses = $8,643 out of pocket
Investment Breakdown
|
Purchase Price
$1872k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$393k
Downpayment
20%
$374k
Closing costs
1%
$18,719
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,725
Total Expenses
$14,368
Mortgage P&I
179%
$10,227
Property Taxes
34%
$1,957
Home Insurance
12%
$696
HOA
0%
$0
Property Management
10%
$572
CapEx
5%
$286
Vacancy
6%
$344
Maintenance
5%
$286
Other
0%
$0